Excellent investment opportunity! This well-maintained two-building, eight-unit apartment complex offers strong income with $88,800 in gross annual rents and full occupancy. Features include six 2-bedroom units and two 1-bedroom units, a laundry room with coin-operated washer and dryer, and covered carports. Recent updates include newer windows and roofs, reflecting the pride of ownership throughout. Solid brick construction and rental certified through 2027 provide peace of mind for investors. Convenient layout and well-kept condition make this a turnkey addition to any portfolio.
Sold
$271,000
4238/4308 Moreland St, Kalamazoo, MI 49001
15beds
8baths
7,600sqft
5+ Units
Built in 1960
-- sqft lot
$279,300 Zestimate®
$36/sqft
$1,107 Estimated rent
Home value
$279,300
$249,000 - $313,000
$1,107/mo
Zestimate® history
Owner options
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$1,107/mo
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$1,107/mo
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$1,807/mo
Est. payment
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$1,807/mo
Est. payment
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List your homeWhat's special
Solid brick constructionCovered carportsCoin-operated washer and dryerNewer windowsLaundry room
Zillow last checked:
Listing updated:
Listed by:
Lucas Howard 616-893-6478,
Keller Williams GR East,
Luke Schrader 269-251-8445,
Keller Williams Realty SWM
Bought with:
Mitchell Ward
Bellabay Realty LLC
Source: MichRIC,MLS#: 25039141
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 15
- Bathrooms: 8
Heating
- Hot Water
Cooling
- Window Unit(s)
Appliances
- Laundry: Common Area, Lower Level
Features
- Basement: Slab
Interior area
- Total interior livable area: 7,600 sqft
Property
Parking
- Total spaces: 8
- Parking features: Asphalt, Driveway
Lot
- Size: 0.36 Acres
- Dimensions: 60 x 264
Details
- Parcel number: 0635451382/0635451363
- Zoning description: RM-36
Construction
Type & style
- Home type: MultiFamily
- Property subtype: 5+ Units
Materials
- Aluminum Siding, Brick
- Roof: Composition
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Utilities for property: Natural Gas Available, Electricity Available, Cable Available, Phone Connected, Natural Gas Connected, Electricity Connected, Cable Connected
Community & HOA
Location
- Region: Kalamazoo
Financial & listing details
- Price per square foot: $36/sqft
- Tax assessed value: $167,924
- Annual tax amount: $11,935
- Date on market: 8/5/2025
- Listing terms: Cash,Conventional
- Tenant pays: Electricity
- Electric utility on property: Yes
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 9/17/2025 | Sold | $271,000-50.7%$36/sqft |
Source:  MichRIC #25039141 Report a problem | ||
| 8/9/2025 | Pending sale | $550,000$72/sqft |
Source: MichRIC #25039141 Report a problem | ||
| 8/5/2025 | Listed for sale | $550,000$72/sqft |
Source: MichRIC #25039141 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Milwood
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Nearby schools
GreatSchools rating
- 6/10Greenwood Elementary SchoolGrades: PK-3Distance: 0.7 mi
- 6/10Milwood Middle SchoolGrades: 6-8Distance: 1 mi
- 8/10Loy Norrix High SchoolGrades: 9-12Distance: 0.7 mi
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Estimated market value
$279,300
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$279,300
- Michigan
- Kalamazoo County
- Kalamazoo
- 49001
- Milwood
- 4238/4308 Moreland St
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